Clark County Enterprise Zone

The Clark County Enterprise Zone was established on July 1, 1990. An enterprise zone is a specific area designated by the State of Illinois in cooperation with a local government to receive various tax incentives and other benefits to stimulate economic activity.

Clark County Local Incentives

• Sales tax exemption on building/construction materials - Building materials that are eligible for the enterprise zone sales tax exemption include items that are permanently affixed to real property such as lumber, mortar, glue-down carpets, paint, wallpaper and similar affixed items.
• Property tax abatement for improvements – the abatement applies only to taxes on the increase in assessed value attributable to the new construction, renovation, or rehabilitation. Taxes based on the assessed value of land and existing improvements continue to be collected. The property tax abatement is approximately an 85% abatement on improvements (not all taxing bodies participate such as Fire District, Townships, Park District, etc.) for the first 5-years upon completion. In the 6th year owner pays 25%, 7th year owner pays 50%, 8th year owner pays 75% and the 9th year owner pays 100%.
• An Investment Tax Credit

Interested parties should visit the Enterprise Zone Website and contact Julie Bounds or Steve Calhoun at Marshall City Hall at (217) 826-8084 to see if their site or building qualifies for any Enterprise Zone incentives.

 

You may obtain a hard copy of the Clark County Enterprise Zone-Commercial/Industrial Project Application by contacting Nicole Weigand at (217) 932-4074 or Julie Bounds at (217) 826-8084.

 

The Enterprise Zone Administrator must approve all applications before a project begins in order to qualify for incentives.